Ulta Beauty has signed a lease for 7,500 sq. ft. of what used to be a Sears anchor at Dartmouth Mall in Dartmouth, Mass., a 350-year-old town on Buzzards Bay near the famed fishing port of New Bedford.
Aldi and Burlington had already filled the rest of the Sears location at the property owned and operated by PREIT, which now can claim market rents for the prime space.
Dartmouth is the only mall remaining in its market, presenting itself as another example of PREIT CEO Joseph Coradino’s “Winner Take All” postulation that the strongest mall in any key market will survive if correctly re-invented.
Source: Chain Store Age